The managed infrastructure services business will be an independent publicly traded company called Kyndryl. The deal also shows continued investment from IBM in its internal services business leading up to the spin-off of IBM’s managed infrastructure service business next month. Financial terms for the deal were not disclosed. This is IBM’s 17th acquisition since Arvind Krishna became CEO in April 2020. The business will join IBM iX, which is part of IBM Consulting, the renamed IBM Global Business Services, according to an IBM statement Tuesday. The acquisition is expected to bring new capabilities to IBM around Adobe Experience Cloud, Creative Cloud and Document Cloud. IBM plans to buy the Adobe Workfront consulting unit and assets of Rego Consulting to boost the customer and experience transformation group within IBM’s consulting business.
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